The Age
International · 37 mins ago
✦ 75◉ Centre
In 1984 it cost $14,000 to buy this inner west home. Today, it sold for $1.7m
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Accuracy 75/100
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◉ Centre ✓ Fair headline
A Federation-era cottage in Melbourne's inner west that sold for $14,000 in 1984 has sold at auction for $1.7 million, highlighting the dramatic rise in Australian property prices over four decades.
In 1984 it cost $14,000 to buy this inner west home. Today, it sold for $1.7m
Two bidders had their hearts set on the Federation-era single level cottage. The winners can now move out of their respective parents’ homes.
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